META PLATF.A DL-.000006 - Daily - Technical analysis published on 02/02/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 388.58 EUR
My targets
452.93 EUR (+6.71%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on META PLATF.A DL-.000006 as long as the price remains well above 388.58 EUR. The buyers' bullish objective is set at 452.93 EUR. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The META PLATF.A DL-.000006 price is 424.45 EUR. The price registered an increase of +16.26% on the session with the lowest point at 417.65 EUR and the highest point at 427.95 EUR. The deviation from the price is +1.63% for the low point and -0.82% for the high point.417.65
427.95
424.45
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of META PLATF.A DL-.000006 indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Upside gap
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 273.35 | 293.52 | 323.10 | 424.45 |
| Change (%) | -35.60% | -30.85% | -23.88% | - |
| Change | -151.10 | -130.93 | -101.35 | - |
| Level | Intermediate | Major | Major | - |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 356.23 | 359.97 | 362.53 | 366.27 | 368.83 | 372.57 | 375.13 |
| Camarilla | 363.37 | 363.95 | 364.52 | 365.10 | 365.68 | 366.26 | 366.83 |
| Woodie | 355.65 | 359.68 | 361.95 | 365.98 | 368.25 | 372.28 | 374.55 |
| Fibonacci | 359.97 | 362.37 | 363.86 | 366.27 | 368.67 | 370.16 | 372.57 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 339.72 | 344.73 | 354.77 | 359.78 | 369.82 | 374.83 | 384.87 |
| Camarilla | 360.66 | 362.04 | 363.42 | 364.80 | 366.18 | 367.56 | 368.94 |
| Woodie | 342.23 | 345.99 | 357.28 | 361.04 | 372.33 | 376.09 | 387.38 |
| Fibonacci | 344.73 | 350.48 | 354.03 | 359.78 | 365.53 | 369.08 | 374.83 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 259.88 | 285.27 | 324.23 | 349.62 | 388.58 | 413.97 | 452.93 |
| Camarilla | 345.50 | 351.40 | 357.30 | 363.20 | 369.10 | 375.00 | 380.90 |
| Woodie | 266.68 | 288.66 | 331.03 | 353.01 | 395.38 | 417.36 | 459.73 |
| Fibonacci | 285.27 | 309.85 | 325.04 | 349.62 | 374.20 | 389.39 | 413.97 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 85.94 | |
| MACD (12,26,9): | 17.2100 | |
| Directional Movement: | 46.38 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 378.48 | |
| Parabolic SAR (0,02-0,02-0,2): | 356.80 | |
| Elder Ray (13): | 55.93 | |
| Super Trend (3,10): | 383.12 | |
| Zig ZAG (10): | 424.50 | |
| VORTEX (21): | 1.2100 | |
| Stochastique (14,3,5): | 82.56 | |
| TEMA (21): | 386.90 | |
| Williams %R (14): | -3.34 | |
| Chande Momentum Oscillator (20): | 87.15 | |
| Repulse (5,40,3): | 2.3200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.5700 | |
| Courbe Coppock: | 23.94 |
| MA7: | 374.59 | |
| MA20: | 353.58 | |
| MA50: | 327.41 | |
| MA100: | 310.79 | |
| MAexp7: | 378.74 | |
| MAexp20: | 357.48 | |
| MAexp50: | 334.89 | |
| MAexp100: | 314.25 | |
| Price / MA7: | +13.31% | |
| Price / MA20: | +20.04% | |
| Price / MA50: | +29.64% | |
| Price / MA100: | +36.57% | |
| Price / MAexp7: | +12.07% | |
| Price / MAexp20: | +18.73% | |
| Price / MAexp50: | +26.74% | |
| Price / MAexp100: | +35.07% |
Quotes :
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15 min delayed data
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Germany Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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